Insights and Stories on Canola

ICE weekly outlook: New-crop November canola set to step back

Apr. 12, 2023 at 6:44 pm CDT

MarketsFarm — There is presently little upside to new-crop November canola on ICE Futures, according to analyst Errol Anderson of ProMarket Communications in Calgary. Anderson pointed to losses in Malaysian palm oil and weakness in China’s soymeal market as weighing on ICE canola values, with more pressure coming out of […]

Louis Dreyfus expanding Yorkton canola crush plant

Apr. 11, 2023 at 10:54 am CDT

By GFM Staff

Canola fund short position shrinking

Apr. 10, 2023 at 5:30 pm CDT

By Phil Franz-Warkentin

Bidding open for Merit Foods for two more weeks

Apr. 6, 2023 at 5:52 pm CDT

By Dave Bedard

All quiet on the organic front

Mar. 31, 2023 at 2:43 pm CDT

By OrganicBiz

ICE weekly outlook: Not a matter of when, but where canola peaks

Mar. 29, 2023 at 6:29 pm CDT

MarketsFarm — As the rally in canola on ICE Futures continued Wednesday, an analyst stressed it’s not when this upswing ends, but where. David Derwin of PI Financial in Winnipeg spoke of when canola prices were falling, and they broke through that psychological barrier of $800 per tonne on their […]

By Glen Hallick - MarketsFarm

Canola fund short position still rising

Mar. 23, 2023 at 10:59 pm CDT

MarketsFarm — The size of the fund short position in continued to rise in early March, according to the latest Commitments of Traders data out from the U.S. Commodity Futures Trading Commission (CFTC). As of March 7, the net managed money short position in canola came in at 46,222 contracts […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola continues its collapse

Mar. 22, 2023 at 6:05 pm CDT

MarketsFarm — After losing $62 per tonne the week before, the May contract on the ICE Futures canola market extended its losses for the week ended Wednesday with little relief on the horizon. Winnipeg-based trader Jerry Klassen of Resilient Commodity Analysis said the massive selloff is the result of farmers […]

By Adam Peleshaty

ICE weekly outlook: No floor in sight for overdone canola

Mar. 15, 2023 at 8:38 pm CDT

MarketsFarm — The ICE Futures canola market was in freefall mode through the first half of March, hitting its weakest levels in over a year. While the losses may be looking overdone, the bottom remains to be seen. “This has been a brutal drop in canola,” said Bruce Burnett, director […]

By Phil Franz-Warkentin

Richardson canola oil on a bottling line.

Canola crush of 2022 smallest in five years

Mar. 13, 2023 at 3:44 pm CDT

MarketsFarm — Statistics Canada (StatCan) reported that 2022 had the smallest domestic canola crush for a calendar year since 2017. As well, 2022 marked the smallest canola oil production in five years and the least amount of canola meal produced in four years. The sharp reduction of canola being crushed […]

By MarketsFarm